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Shell confirms another major Gulf of Mexico discovery

  • Royal Dutch Shell (RDS.A, RDS.B) announces a third major discovery in the Norphlet play in the deepwater Gulf of Mexico with its successful Rydberg exploration well.
  • Shell is completing the full evaluation of the well results but expects the resource base to contain ~100M boe; combined with the nearby Appomattox and Vicksburg discoveries, the new discovery brings total potential Norphlet discoveries to 700M-plus boe.
  • The discovery is the first for the partnership of operator Shell, with a 57.2% stake, Ecopetrol (NYSE:EC) and Nexen (NYSE:CEO).
Comments (4)
  • Debutant
    , contributor
    Comments (2267) | Send Message
    Well, there's gonna be a lot of deepwater drilling down there.
    Hopefully the drillers I am invested in may have some rigs available for these new projects.
    15 Jul, 09:55 AM Reply Like
  • mhmp24
    , contributor
    Comments (24) | Send Message
    I, how are you? i send you a private message.
    Have a nice day
    15 Jul, 03:25 PM Reply Like
  • keeladog
    , contributor
    Comments (221) | Send Message
    Just what we need. More of the damned stuff.
    16 Jul, 06:45 AM Reply Like
  • 2839298249
    , contributor
    Comments (304) | Send Message
    Keeladog, finding oil is one thing, developing it is another. It will be many years before any of this oil is flowing to market.
    16 Jul, 10:28 AM Reply Like
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